June 11, 2018 -- Perfect World Zhengqi (Shanghai) Multimedia Technology Co., Ltd. and Perfect World Game Co., Ltd., two wholly owned subsidiaries of Perfect World Co., Ltd., and Valve Corporation announced an extension of their ongoing partnership to begin work on Steam China, which will provide Chinese gamers and developers with a new way to access Steam's expansive selection of games and entertainment. No release date for Steam China has been announced.
Steam China will extend the strategic cooperation between the two parties that began in 2012, when Perfect World's subsidiaries obtained the license to operate Valve's DOTA 2, and later Counter-Strike: Global Offensive (CS:GO), in China. Robert H. Xiao, CEO of Perfect World, said the company would introduce more games to China through Steam China, providing quality content and improving the experience for both gamers and developers.
Perfect World and Valve will collaborate closely on Steam China, actively promoting its launch, marketing, and game lineup. No changes are planned for Steam's existing worldwide operations and services as a result of this announcement.
Steam is one of the world's largest digital distribution platforms on PC, where players can purchase, download, discuss, upload, and share games and game-related content. Steam offers over 20,000 games created by game developers to millions of players worldwide, including over 3,000 VR titles using SteamVR technology.
Valve Corporation, founded in 1996, is a global leading game developer headquartered in Bellevue, Washington. Its game titles include Half-Life, Portal, Counter-Strike: Global Offensive, DOTA 2, and more.
Perfect World is a leading game and movie company in China. Its overseas game revenues ranked first for several consecutive years. Popular games of Perfect World include Zhu Xian, Perfect World, Legend of Martial Arts, Swordsman Online, and Return of Condor Heroes.
"Steam China" has been registered as a company in China - http://stock.cfi.cn/p20180612000193.html